Also, counter to JPMorgan Chase's reputation for prudent risk management, allegations have surfaced that warnings over increasingly outsized bets were ignored in the past few years.

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Canadian banks not impervious to housing market risk They may be considered the soundest on the planet, but Canada's banks aren't immune to collapses triggered by falling housing prices, according to the government official implementing new mortgage rules.

Avon is not calling, Coty slams the door Coty Inc. has dropped its $10.7-billion (U.S.) takeover bid for the cosmetics company after Monday's deadline came and went.

Caisse-led consortium turns up the heat in battle for Hastings Pipeline Partners Australia consortium, which includes Canada's Caisse de depot et placement du Quebec, has upped the ante for energy infrastructure player Hastings Diversified Utilities Fund with a conditional takeover bid valued at $1.25-billion Australian dollars.

GM interested in Ally's international business "We're interested in it, but we're not going to bleed to buy it," says GM CEO Dan Akerson.

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